In Virginia, we have a 5 day grace period after rent is due.  So assuming rent is due on the 1st, rent is considered late (with a late fee) on the 6th.  What timeline do you fellow Virginia BPers follow as far as noti...

How many of you re-negotiate after a home inspection. Assuming there is something wrong with the furnace, air conditioner, little water damage or so on. What does everyone do? Drop the deal or get compensated in mo...

Hi all —
Curious if there are any scenarios where you can loose money at a foreclosure auction.
Say you are the highest bidder and you win the auction - are there any ways that you can still loose the property after...

I am looking at rental properties near a college and was curious if this is a good strategy. Has anyone tried implementing this strategy? If so, was it a positive or negative experience? I would most definitely be wor...

Hi All,

I closed on my first duplex this week and started working on one of the units today. One unit is already rented and the second is vacant. While doing the inspection I was one of the baseboards was dam...

21 Unit building in San bernardino1,495,000 asking priceActual GRM of 8.8 - Market GRM of 7.6It nets a little over 100K. From some research and asking around I've found that this specific area isn't too safe or somewh...

In August I went under contract for a 6 unit (2 building) property. Three units receive section 8 assistance. One of those tenants appeared to be trouble from the start. The seller advised me of issues she had been ha...

Hello! My wife and I are preparing to buy our first rental property for investment purposes. I'll detail the ongoing process here in this thread so others can follow along and see what it's like for a fellow fir...

Hi All,A manager of mine recently fell ill, leaving me to manage in her stead. I hadn't managed in so long that I expected my management skills had atrophied(though in fairness, I never was skilled in that arena.) Les...

Asking for Miami Dade County Florida